That Which Gives the Appearance of Title, but Is Not

question 73

Multiple Choice

That which gives the appearance of title, but is not in fact title is

• A) cloud of title.
• B) color of title.
• C) burden of title.
• D) unlawful.

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Definitions:

Petty Cash Fund

A petty cash fund is a small amount of cash on hand used for paying expenses too small to merit writing a check or using a credit card.

Reimburse

To pay back or compensate someone for expenses they have incurred, typically related to business costs or travel expenses.

Voucher System

A business's set of procedures for authorizing and recording liabilities and cash disbursements.

Invoice Approval

The process of reviewing and verifying invoices before payment, ensuring they match purchase orders and delivery receipts.